Editor's PiCK
Bitcoin ETF, $3 billion outflow this month… $2.1 billion withdrawn from BlackRock alone
Summary
- U.S. Bitcoin (BTC) spot exchange-traded funds (ETF) have seen net outflows of about 3 billion dollars so far this month.
- Cointelegraph reported that BlackRock's IBIT ETF alone saw $2.1 billion withdrawn.
- It said Bitcoin's price decline has continued, with the November average rate of change calculated at -16.32%.
U.S. spot Bitcoin (BTC) exchange-traded funds (ETF) have recorded a net outflow of about 3 billion dollars so far this month.
According to Cointelegraph on the 19th (local time), spot Bitcoin ETFs saw a cumulative net outflow of $2.96 billion (about 4.3 trillion won) from November 1 through the previous day (18th). In particular, BlackRock's IBIT alone saw a net outflow of $2.1 billion (about 3 trillion won). Cointelegraph said, "The net outflow of spot Bitcoin ETFs in November is the second-largest on record," adding, "If this trend continues, it could break the record set in February this year (-$3.56 billion)."
With Bitcoin's price in a downward trend, the month's average rate of change was calculated at -16.32% as of the day. Cointelegraph said, "(Over the past 10 years) Bitcoin's average November return is 41.22%," adding, "(Typically) November has been the month with Bitcoin's highest returns."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
